Page 387 – News Stand

18 Apr

Anglo American sells diamonds worth US$445m

info_e12wt4csObserver Money

Anglo American rough diamond sales amounted to US$445 million in the third cycle of 2024.The mining giant also operates in Namibia through the 50/50 joint venture between the government and De Beers. Anglo American has joint ventures with the Namibian government in Namdeb, Debmarine Namibia and the Namibia Diamond Trading Company. The company said the provisional rough diamond sales figure quoted for Cycle three represents the expected sales value for the period and remains subject to adjustment based on final completed sales. Al Cook, CEO of De Beers, said: “Many diamond businesses are continuing to take a cautious approach to…

18 Apr

Galp to focus exploration on Namibia

info_e12wt4csObserver Money

Portuguese energy company, Galp Energia, has disclosed that it is is de-risking exploration opportunities already in its portfolio and moving exploration focus to other countries, which includes Namibia. GalP will focus on the areas in Namibia and São Tomé and Príncipe, and act on high potential resources that may prove economically and sustainably feasible, the company has stated in its 2023 annual report. Throughout 2023, Galp prepared the current exploration campaign in PEL 83 offshore Namibia, securing key contracts and licences, and mobilising its forces to safely initiate a two back-to-back exploration wells campaign in November 2023. Galp said already…

18 Apr

Do you know the value of your art?

info_e12wt4csObserver Money

Strauss & Co, Africa’s leading art auction house, has announced that they will be hosting a free valuation day in Windhoek on 29 April 2024. This event presents residents with an exclusive opportunity to have their artworks assessed and valued by experts. The valuation day will take place at The Stellenbosch Wine Bar and Bistro, Tasting Room, Bougain Villas, 320 Sam Nujoma Drive, between 14h00 and 17h00. Strauss & Co said whether you are looking to insure your collection, sell an artwork, or simply satisfy your curiosity, Strauss & Co offers a range of valuation methods tailored to client’s needs.…

18 Apr

Namibia reinforces support for Cuba against U.S. blockade

info_e12wt4csNational NewsEsteban Lazo

Niël Terblanché The President of the National Assembly of People's Power of Cuba, Esteban Lazo, has expressed gratitude towards Namibia for its strong stance against the economic blockade on Cuba by the United States of America. Lazo acknowledges this solidarity and support on his the X social media platform on Tuesday. "We appreciate the motion approved today unanimously by the National Assembly of Namibia against the blockade imposed by the United States government against Cuba, another of the displays of solidarity historically received from this brother country," he said. On Monday, Namibia's legislature passed a unanimous motion calling for the cessation of…

18 Apr

Exploring Namibia’s energy potentia

info_e12wt4csObserver Money

ANGELIQUE PEAKE AND OLAVI HANGULA Implementing a robust local content policy in the oil and gas industry isn’t just about extracting resources; it is about empowering local economies and fostering sustainable growth. By prioritising local manufacturing and supporting sectors, we not only fuel industrial development but also cultivate a thriving ecosystem of opportunity and prosperity for generations to come. There has been significant talk surrounding the recent oil discoveries offshore the Namibian coast, sparking both excitement and disbelief. As reality begins to set in, it’s clear that strategic planning and collaboration among stakeholders is essential to maximise the benefits of…

18 Apr

Namibia urges restraint in escalating Middle East tensions

info_e12wt4csNational News

Niël Terblanché In light of recent unsettling developments in the Middle East, the Namibian government has voiced deep concern over the potential for escalating conflict in the region, which could have broader global repercussions. Dr Peya Mushelenga, Namibia’s Minister of International Relations and Cooperation, stressed the importance of restraint and diplomatic engagement to avoid further destabilization. Mushelenga highlighted the series of attacks, counterattacks, and threats of reprisals that have marred the region, noting these actions are detrimental to the pursuit of peace - a fundamental principle enshrined in the UN Charter and upheld by its members. "Such aggressive actions are…

18 Apr

Lack of fuel hampers Police patrol in Terrace Bay

info_e12wt4csNational News

Erasmus Shalihaxwe Police officers in Terrace Bay are sometimes unable to patrol along the sea due to a fuel shortage in the town, which can last for a week. Parliamentary Standing Committee on Economics and Public Administration revealed this in its report on the oversight visits to the Skeleton Coast in Erongo and Kunene regions. The report stated that the police barracks where officers are accommodated had broken windows due to strong winds and a dilapidated roof. There is a lack of hot water, and officials are forced to use cold water despite the weather conditions in the town being…

18 Apr

Mbumba tells new NDF recruits to be ready to maintain peace during elections

info_e12wt4csMain

Julia Heita President Nangolo Mbumba, said he expects the new Namibian Defence Force (NDF) members to be ready to maintain peace and order during this year's upcoming elections. Mbumba was speaking during the graduation parade and commissioning ceremony of the 10th regular commissioning course at the 261 motorised infantry battalion on 18 April 2024 at Rundu in the Kavango-east region. He told the graduates that they would continue to protect and preserve Namibia’s hard-won freedom and peace. Emphasising that people may try to seize the cover of election campaigns to engage in nefarious and criminal activities. “There are some few…

18 Apr

EU spends over N$324m on early childhood development

info_e12wt4csNational NewsBeatriz Ana Martins, EU spends over N$324m on early childhood development

Martin Endjala The European Union (EU) has spent over N$324 million on Namibia’s early childhood development, a three-year financial agreement signed in July 2023. This is according to EU Ambassador to Namibia, Beatriz Ana Martins, during the launch of the EU Namibia Early Childhood Development Sector Reform on 17 April at the Mix informal settlement on the outskirts of Windhoek. The Ambassador said the funds reaffirm the continuation of the partnership with Namibia and the United Nations International Children’s Emergency Fund (UNICEF), building on the results achieved under previous programmes. “We all know that many children have no access to…

18 Apr

Disaster relief programmes depended on data – Irimari

info_e12wt4csNational NewsElia Irimari, Saara Kuugongelwa-Amadhila

Martin Endjala Oshana region Governor Elia Irimari says the disaster relief programme under the Office of the Prime Minister (OPM) depends on data availability to determine whether there is enough food, particularly the number of registered people. The governor told Windhoek Observer Namibia on Thursday, following concerns raised by some quarters, who argued that assistance through the disaster relief programme is insufficient and does not benefit all regions. Oshana region benefited from the program last year after it was hard hit by drought and flash floods. Irimari argued that disaster crises should not be OPM’s baby alone but rather a…